never feel it is bottom and buy. unless good news really come out then we only top up. Although we can't buy the lowest but we can prevent jump worse scenario like now ...
IMHO those that want to buy cheap and subscribe for RI can wait until after UMW distribute their OG shares next week. There should be at least 400M distributed to their shareholders besides PNB + PNB unit trust. If 20% of these new OG shareholders don't want to pay RM67M for the rights, they would sell before OG RI. OG shares should easily go below 40 sen.
. many speculating on possible price dilutive effect with RI & UMWH distributing UMWOG shares many suggested to wait till whole exercises completed.. make no different if price goes up/down - since very speculative in these exercise/volatility of oil market. whole exercises are to reduce UMWOG high gearing while freeing UMWH. may need some time to recovery looking at UMWOG financial condition/oil price instability. aiming for short term profit taking gain may no be advisable.
Raider says if a company lose monies u want dilution to reduce ur losses mah....!! But if make monies, u don want dilution bcos u want to enjoy full benefit mah...!!
So umwog still lose monies....so dilution is good loh...!!
Yingkang87..no, it is UMWH distribute 1,204,777,400 UMWOG shares to UMWH shareholders. Roughly, PNB+ASB+KWAP would get 673M and presumably these 3 would not sell the OG shares they get. EPF would get around 145M and the rest of UMH shareholders around 387M.
My guess is EPF may sell some to cut losses and mitigate RI cash outflow. The problem is with that 387M. It's anybody's guess how many of this will be sold. If 20% sells that would be 77M OG shares in the seller side and with recent daily total trade of < 5M, nightmare for existing OG shareholders!!!
On behalf of the Board, Maybank IB wishes to announce that the Proposals have been completed, following the lodgement of a sealed copy of the order from the High Court of Malaya confirming the special resolutions for the Proposals on 5 July 2017 and the crediting of the Distribution Shares into the accounts of the Entitled Shareholders of UMWH on 11 July 2017.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JoshuaMS7
4,309 posts
Posted by JoshuaMS7 > 2017-06-29 16:19 | Report Abuse
luckily sold earlier at 0.550 and above